22 & 24 RIVER STREET - Main photo, Thorold (Port Robinson), Ontario

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$1,125,000

22 & 24 RIVER STREET — Thorold (Port Robinson), Ontario

L0S1K0

RE/MAX SUCCESS REALTY

MLS® X13002648

16Beds

9Baths

9Parking

About This Property

9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner. Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a First Mortgage with 15% min down payment. (id:63357)

RE/MAX SUCCESS REALTYMLS® X13002648

Property Location

Map

Property Details

Property Type: Multi-Unit
Bedrooms: 16
Bathrooms: 9
Stories: 2.0
Status: Active
MLS® Number: X13002648

Location & Neighborhood

What's nearby 22 & 24 RIVER STREET

Nearby Schools

St Andrew
School
5.4 km
École Franco-Niagara
School
5.7 km
Eastdale
School
5.9 km
Notre Dame
School
5.3 km
St Kevin
School
5.3 km

POI data updated 4/15/2026

Price History

$1,125,000

Jul 23, 2026

↓ $65,000

-5.5%

$1,190,000

Jun 21, 2026

↓ $205,000

-14.7%

Last updated: Jul 28, 2026

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